Quote

Investment philosophy is the clear understanding that by owning shares of stocks he owns businesses, not pieces of paper.

Warren Buffett

Change background

T
T
T

Change font

TAGS & TOPICS

Warren Buffett
Age: 94
Born: 1930
Born: August 30
Entrepreneur
Financier
Investor
Shareholder
Omaha
Nebraska
Warren Edward Buffett
Understanding
Stocks
Businesses
Investment
Paper
Pieces
Philosophy
Owning
Share
Shares
Clear
Owns

More quotes by Warren Buffett

Image
Like most trends, at the beginning it's driven by fundamentals, at some point speculation takes over. What the wise man does in the beginning, the fool does in the end.
Warren Buffett
Image
Our approach is very much profiting from lack of change rather than from change.
Warren Buffett
Image
An IPO is like a negotiated transaction - the seller chooses when to come public - and it's unlikely to be a time that's favourable to you.
Warren Buffett
Image
In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'
Warren Buffett
Image
We say we are trying to buy into businesses with excellent economics, run by honest and able people at a decent price. We buy very few securities, so we look at it as focused investing.
Warren Buffett
Image
Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
Warren Buffett
Image
If you've got a good enough business, if you have a monopoly newspaper, if you have a network television station - I'm talking of the past - you know, your idiot nephew could run it. And if you've got a really good business, it doesn't make any difference.
Warren Buffett
Image
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
Warren Buffett
Image
It's better to build than to buy if you can find the right people.
Warren Buffett
Image
I think you are out of your mind if you keep taking jobs that you don't like because you think it will look good on your resume. Isn't that a little like saving up sex for your old age?
Warren Buffett
Image
Very successful people say no to almost everything.
Warren Buffett
Image
I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.
Warren Buffett
Image
A lot of great fortunes in the world have been made by owning a single wonderful business. If you understand the business, you don't need to own very many of them.
Warren Buffett
Image
You don't need to be an expert in order to achieve satisfactory investment returns. But if you aren't, you must recognize your limitations and follow a course certain to work reasonably well. Keep things simple and don't swing for the fences.
Warren Buffett
Image
If horses had controlled investment decisions, there would have been no auto industry.
Warren Buffett
Image
Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.
Warren Buffett
Image
An ounce of prevention is worth a pound of cure understated.
Warren Buffett
Image
People always should know better. People don't get - they don't get smarter about things that get as basic as greed.
Warren Buffett
Image
There are three kinds of people: 1. Innovators. 2. Imitators. 3. Idiots.
Warren Buffett
Image
Stop trying to predict the direction of the stock market, the economy or elections.
Warren Buffett